Skip to content
Open global navigation

Cambridge University Press

AcademicLocation selectorSearch toggleMain navigation toggle
Cart
Register Sign in Wishlist

Deficits, Debt, and the New Politics of Tax Policy

$28.99 (Z)

textbook
  • Date Published: November 2012
  • availability: In stock
  • format: Paperback
  • isbn: 9781107641402

$28.99 (Z)
Paperback

Add to cart Add to wishlist

Other available formats:
Hardback, eBook


Looking for an examination copy?

This title is not currently available for examination. However, if you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact collegesales@cambridge.org providing details of the course you are teaching.

Description
Product filter button
Description
Contents
Resources
About the Authors
  • The Constitution grants Congress the power “to lay and collect taxes, duties, imposts, and excises.” From the First Congress until today, conflicts over the size, role, and taxing power of government have been at the heart of national politics. This book provides a comprehensive historical account of federal tax policy that emphasizes the relationship between taxes and other components of the budget. It explains how wars, changing conceptions of the domestic role of government, and beliefs about deficits and debt have shaped the modern tax system. The contemporary focus of this book is the partisan battle over budget policy that began in the 1960s and triggered the disconnect between taxes and spending that has plagued the budget ever since. With the federal government now facing its most serious deficit and debt challenge in the modern era, partisan debate over taxation is almost completely divorced from fiscal realities. Continuing to indulge the public about the true costs of government has served the electoral interests of the parties, but it precludes honest debate about the urgent task of reconnecting taxes and budgets.

    • Examines the historical development of the US tax system, explains the relative importance of income taxes, payroll taxes and other taxes in the modern era, and discusses the fairness, economic efficiency and revenue-raising characteristics of federal tax policy
    • Analyzes US tax policy in its budget policy context, emphasizes how decision making on taxes is affected by spending and fiscal policy, and focuses on Democratic and Republican party tax policy differences
    • A timely appraisal of the adequacy of the current US tax system in terms of future national security and entitlement commitments and the enormous deficit and problems the federal government now faces
    Read more

    Reviews & endorsements

    “The United States faces a predictable fiscal crisis of unprecedented magnitude, but democratic institutions and processes are standing in the way of confronting painful choices and making responsible fiscal policy. Dennis Ippolito’s book is a comprehensive and authoritative treatment of how the world’s leading democracy got to this impasse. It is fair-minded and even-handed about issues that are deeply divisive in a polarized political system. It is essential background reading for understanding the fiscal crisis in the United States.”
    William R. Keech, Duke University

    “One of the foremost analysts of U.S. budget policy offers a new and insightful perspective on how spending, deficits, and debt have influenced governmental decision making on revenue levels and structural taxation. Dennis Ippolito’s erudite but accessible study has immense value for scholars, policy makers, and concerned citizens seeking to understand how the U.S. fiscal state developed in the twentieth century and how it can come to terms with its problematic twenty-first-century future.”
    Iwan Morgan, University College London

    “In this remarkably well-written and researched book, Dennis Ippolito expertly explores our nation’s tax and spending decisions from colonial America through the New Deal, from Reagan to Obama. He carefully analyzes the difficult choices our political leaders now face if they want to bring the government’s budgets back into balance. This is economic policy analysis and history at its best!”
    James D. Savage, University of Virginia

    "Ippolito traces how wars, ideas about government size, and attitudes toward deficit finance shaped the US federal tax system. His impressive historic tableau, more descriptive than analytical, covers the Continental Congress (which had no taxing power) to the 2012 elections (when lawmakers lacked the courage to tax). Summing up: recommended. Upper-division undergraduate and graduate students, researchers and faculty."
    J. L. Mikesell, Choice

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: November 2012
    • format: Paperback
    • isbn: 9781107641402
    • length: 296 pages
    • dimensions: 230 x 151 x 15 mm
    • weight: 0.42kg
    • contains: 2 b/w illus. 28 tables
    • availability: In stock
  • Table of Contents

    1. A brief history of federal taxation
    2. The stable era – World War II to the 1960s
    3. Destabilizing tax policy – Vietnam and the 1970s
    4. The Reagan strategy – balancing low
    5. The Clinton strategy – balancing high
    6. Bush, Obama, and fiscal deadlock
    7. Reconnecting taxes and budgets.

  • Author

    Dennis S. Ippolito, Southern Methodist University, Texas
    Dennis S. Ippolito is Eugene McElvaney Professor of Political Science at Southern Methodist University. Among his previous books are Why Budgets Matter: Budget Policy and American Politics, Uncertain Legacies: Federal Budget Policy from Roosevelt through Reagan, Hidden Spending: The Politics of Federal Credit Programs, Congressional Spending, and The Budget and National Politics. He was awarded the 2010 Aaron B. Wildavsky Award for Lifetime Scholarly Achievement in the Field of Public Budgeting and Finance.

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

You are now leaving the Cambridge University Press website, your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Find content that relates to you

Join us online

© Cambridge University Press 2014

Back to top

Are you sure you want to delete your account?

This cannot be undone.

Cancel Delete

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×